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Twitter has sued Elon Musk in hopes of forcing the billionaire to buy the social media platform at the agreed-upon price of $54 a share.
As Twitter CEO Bret Taylor suggested: on Monday, Twitter has sued Musk after he called off the $44 billion deal.
“After putting on a public spectacle to bring Twitter into play, and after proposing and signing a seller-friendly merger agreement, Musk apparently believes he—unlike any other party subject to Delaware contract law—is free. to change your mind, disrupt the company, its operations, destroy shareholder value and walk away,” the lawsuit reads. spotted by Reuters.
In April, Twitter announced that it has accepted Elon Musk’s offer to buy the company for $44 billion, at $54.20 a share.
In May, Musk announced that he temporarily stop his purchase from the social media while trying to confirm how many accounts on the platform were spam accounts.
Tesla CEO claimed he would? run away from the deal if fake accounts made up more than 5% of Twitter’s total user base.